Offices

At Maples Teesdale we understand the office market. We have over 30 years’ experience in advising clients on office sales and purchases, and acting for both landlords and occupiers on office lettings

 

US Embassy, 33 Nine Elms Lane, London, SW11 7US

We have close connections with a large number of agents and keep ourselves up to date with developments in the office market including recent updates to the Service Charge Code and IFRS 16.

All of our lawyers are committed to property and have a keen interest in helping our clients achieve their objectives on every transaction we assist with.

Occupiers

The team at Maples Teesdale are experienced in acting for occupiers on all manner of transactions. We have acted on a significant number of head office moves for large organisations, several of which involved the additional task of disposing of or consolidating existing premises, and also for occupiers of portfolios.  We offer a complete service and can guide occupiers through the process – starting with agreeing effective heads of terms and ending with fit-out and occupation itself.

Our advice is commercial and we understand that the key issues in taking space can often be practical in nature, for example agreeing the signage rights, obtaining consent to fit-out and ensuring there is adequate plant and riser space for a tenant’s use. We are experienced in dealing with these issues as well as the more technical legal negotiation.

Our ultimate aim is to assist occupier clients in managing their ‘space needs’ in a way that minimises business interruption. We are used to acting within tight timeframes if required. We are also happy to take on long projects which might involve planning for a client’s future needs.

Once in occupation we are able to assist with the ongoing management work, including assisting with the negotiation of renewals or the exercise of breaks.

Landlords

Maples Teesdale has vast experience acting for landlords in the office sector. We act on lettings for several large funds and are used to dealing with all manner of letting transactions, whether that be in London or elsewhere in the country.

Our recent experience includes acting on various pre-lets, lettings of whole and on lettings of multiple occupancy buildings – some in relation to the most iconic buildings in London.

We strive to work alongside our landlord clients and their agents to become an effective and integral part of the management of a building and are able to assist with all aspects of asset management work. Where appropriate, we will prepare and have to hand a full letting pack for a building. This avoids delays in issuing documents to potential new tenants.

We also have a fully integrated Litigation team that is experienced in dealing with any contentious issues with tenants or third parties which might arise.

Relevant experience

  • We advised BPL Global as a tenant on a pre-let at 52 Lime Street – also known as The Scalpel. This is one of the tallest new buildings in the City and will be next to the Aviva building and Lloyds of London Insurance building. This pre-letting was the first deal in the new tower and therefore had particular complexities around warranties, lease terms and construction issues.
  • We acted for hedge fund manager Capula Investment Management on the move of its London headquarters to new premises in British Land’s newly opened 7 Clarges Street office building within the Clarges development in the heart of London’s Mayfair. We advised Capula on taking leases of approximately 24,000 sq ft across three of the six floors in the development. The deal was completed in less than four weeks to coincide with Capula’s break rights in its previous leases.
  • We advised Gerson Lehrman Group on its plans to almost double its presence in London and move its UK headquarters to One Fitzroy Place in Fitzrovia. One Fitzroy Place was fully let to a major multinational as their UK and Ireland headquarters. Maples Teesdale negotiated the underlease of a full floor of the building on behalf of GLG, as well as negotiating the consent from Aviva as superior landlord. The documentation needed to reflect the multinational’s strict controls regarding aesthetics within the building.
  • We are currently advising the Royal Philatelic Society London on its relocation from its current premises, where it has been since 1925, to a new building. The new premises will accommodate the Society’s unique stamp collection, considerable library and expert assessment space as well as regular Society-wide meetings. We are ensuring that the legal documents coordinate the disposal of the original premises and the acquisition of new premises whilst working around title, planning and fit out constraints. It is anticipated that the project will take several years to complete.
  • We advise Amsprop on a number of their investments. Most recently we have acted on the letting to Metro Bank of the ground and basement floors at the newly redeveloped building at 117/119 Bishopsgate. We also advised on the construction aspects of the redevelopment of this building and other property owned by Amsprop on Bond Street.
  • Acted for One Elmfield Park Limited (a subsidiary of CLS Holdings plc) in relation to the letting of the entire building at One Elmfield Park, Bromley to a subsidiary of IWG plc, operating under the business brand of Regus. One Elmfield Park is a 24,700 sq ft office building located in Bromley’s prime office district.
  • Advised major institutional investor RSA on the refurbishment and letting of an office building at 62 Threadneedle Street, London EC2. The building is the London headquarters of RBS.
  • Advised for Patrizia on the sale of 24 Monument Street, London to The European Organization for Nuclear Research (CERN) for £93 million. Patrizia purchased the property in December 2010, secured vacant possession, demolished and redeveloped it with development manager Alchemy Asset Management Limited.  We acted across all aspects including acquisition, pre-lettings, construction contracts and sale.
  • We advised Tristan Capital Partners on the acquisition of The Interchange Building, a Grade A office asset in Croydon.  Tristan purchased from a fund advised by CarVal Investors for £71.5 million. The acquisition was structured as a corporate purchase of the shares in a Luxembourg company that owns the property. The 180,000 sq ft building is arranged over nine floors and is currently occupied by a mix of high quality tenants including EDF Energy, Siemens plc, and Vitality Corporate.
  • We acted for Harlow Investments Limited (as advised by BMO Real Estate Partners) in connection with the construction aspects of refurbishment of two office buildings (together, of approximately 17,650 sq m of net internal space) and the car park and associated general site repair works at Kao Business Park, Harlow, Essex.

Key Contacts

Mark Harryman

Partner, Commercial Property 020 3465 4336 mharryman@maplesteesdale.co.uk View profile

Charles Elgood

Of Counsel, Commercial Property 020 3465 4363 celgood@maplesteesdale.co.uk View profile

Sarah Greene

Of Counsel, Commercial Property 020 3465 4320 sgreene@maplesteesdale.co.uk View profile

Roger Thornton

Partner, Commercial Property 020 3465 4315 rthornton@maplesteesdale.co.uk View profile

Emily White

Of Counsel, Commercial Property 020 3465 4342 ewhite@maplesteesdale.co.uk View profile

"The size of the team and the breadth and quality of the advice they provide makes them my go-to firm for real estate. They are equally capable of handling both the large and complex and the day-to-day."

Chambers